Omnicom Group Inc. (NYSE:OMC) Shares Sold by First Merchants Corp

First Merchants Corp reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,715 shares of the business services provider’s stock after selling 920 shares during the quarter. First Merchants Corp’s holdings in Omnicom Group were worth $2,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its stake in shares of Omnicom Group by 1.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after purchasing an additional 97 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares during the period. Integrated Advisors Network LLC increased its position in shares of Omnicom Group by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Omnicom Group by 2.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after buying an additional 102 shares during the period. Finally, Summit Trail Advisors LLC raised its stake in shares of Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock worth $683,000 after buying an additional 113 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.8 %

OMC opened at $81.89 on Friday. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company’s 50 day simple moving average is $87.14 and its two-hundred day simple moving average is $95.75. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the business earned $2.20 EPS. Analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.42%. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of a number of research analyst reports. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.